You’ve probably heard of Bitcoin in the news, unless you’ve been living under a rock. Bitcoin is a payment system that is decentralized and created by a man known as Satoshi Nakamoto. If you’re interested in finding out more about this phenomenal financial and tech-related invention that has taken the world by storm, and also learn plenty more about the meteoric rise of Bitcoin prices, then read on. You’ll also discover the reasons why companies like Sii Global Intelligent Bitcoin Investment Service put their faith in this software-based currency.
This phenomenon is a software-based currency and it was released to the public some years ago, 2009 to be precise. Since it was released, its updates and improvements have been created by a group of developers. A portion of the funding involved in the development was provided by the Bitcoin Foundation.
After four years since its 2009 release, Bitcoin started to become a trending topic for people everywhere. From 2011 to 2012, the virtual currency increased its value by 300 percent. Since mid-2016 up to the present, Bitcoin has seen its value rise to about 400 percent. This year, venture capital firms and investors globally continue to put their hopes in this cryptocurrency.
In the first half of 2014, venture capitalists firms made investments of 50 to 70 million dollars in Bitcoin during the first and second quarter, making the investments reach over a hundred million. You’ll see the meteoric rise of Bitcoin prices all the more if you compare this with what happened in 2012. As mentioned, over $100 million was invested in the first half of 2014, meanwhile, in 2012, Bitcoin companies were not able to raise more than $2.2 million. As of today, Bitcoin isn’t slowing down, and this is evident in the way more and more merchants and users accept it as a mode of payment.
Many people ask, how can average folks join in and invest? It’s now simpler than ever to buy this currency. There exists plenty of reliable companies globally and they are in the business of buying and selling Bitcoins. Firms such as Sii Global Intelligent Bitcoin Investment Service are deemed competent in this area.
There is no doubt that Bitcoin is a huge deal right now. Reputable investors and venture capital firms everywhere trust this currency will last. The average person can now find many ways to begin investing and purchasing Bitcoin.You might want to start investing in Bitcoin today. This could be the beginning of a new financial triumph.